P2P Scam Alert My Costly Lesson
Hello everyone,
I share this painful experience in the hope that it helps someone avoid a similar trap.
📅 This happened in February.
I went out to grab a quick bite and tried to pay via UPI—
Payment failed.
Tried again. Same error.
Something was wrong, so I called my bank.
Their response left me speechless:
"Your account has been frozen due to suspicious transactions related to illegal funds." 😨
After hours of panic and investigation, I finally discovered the reason.
Someone I had transacted with on the P2P crypto platform had committed fraud.
Because I inadvertently received money from that person, my account was flagged along with theirs—
Even though I did nothing wrong.
The worst part?
🔒 My account remains frozen after several months.
💡 What you need to know before engaging in P2P Crypto transactions:
1️⃣ Avoid risky profiles
• Don't trade with people who have fewer than 50 completed transactions
• Stay away from anyone with a completion rate below 95%
2️⃣ Match names
• Ensure that the bank account name of the sender matches exactly with their name on Binance (or the crypto exchange).
• Mismatched names are a major red flag.
3️⃣ Trust slowly, verify quickly
• Always double-check every detail before hitting “Send.”
• A wrong transaction can freeze your account for months—or worse, forever.
This experience has cost me dearly, but if it helps even one person stay safe.